Business
Westbridge Expands Alberta Footprint with Acquisition of 236 MW Sunnynook Solar PV Project and 100 MW of Battery Energy Storage System
Solar portfolio in Alberta and Texas surpasses 700 MW Vancouver, British Columbia--(Newsfile ...
About this update from Westbridge Renewable Energy Corp
[{"type":"text","content":"Westbridge Expands Alberta Footprint with Acquisition of 236 MW Sunnynook Solar PV Project and 100 MW of Battery Energy Storage SystemSolar portfolio in Alberta and Texas surpasses 700 MWVancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Westbridge Energy Corporation (TSXV: WEB) (\"Westbridge\" or the \"Company\") is pleased to announce that it has acquired a 75% controlling interest in Sunnynook Solar Energy Inc. (\"Sunnynook\"), which is developing a new 236 MWdc solar photovoltaic and 100 MW of Battery Energy Storage System (\"BESS\") project located in Sunnynook, Alberta, Canada (the \"Project\"), pursuant to a definitive agreement dated November 30, 2021 (the \"Agreement\").The Project has secured site control in the form of a long-term solar lease covering approximately 940 acres. It is currently in Stage 1 of the Alberta Electric System Operator (the \"AESO\") interconnection process, with environmental studies underway in accordance with Alberta Environment and Parks guidelines.\"The acquisition of Sunnynook significantly expands Westbridge's footprint in Alberta from 278 MWdc to 514 MWdc and further demonstrates the Company's ability to originate and acquire utility-scale development assets in leading jurisdictions for solar project development. This acquisition confirms Westbridge's position as one of the largest, fastest-growing solar PV developers in Canada by MW, and further diversifies its renewable energy portfolio in terms of asset location and the enabling technologies utilized,\" said Maggie McKenna, Chief Operating Officer and Director. \"The Sunnynook project will provide clean, renewable energy to Albertans and benefit the local economy by creating new jobs in a fast-growing industry.\" Westbridge CEO Stefano Romanin added, \"Sunnynook will employ leading-edge technologies, pairing solar PV generation with an advanced battery energy storage system, mitigating the intermittency of solar power. The importance of BESS is underlined by the recent Energy Storage Roadmap (ES Roadmap) that sets out the AESO's plan to facilitate the reliable integration of energy storage technologies across the Alberta Interconnected Electric System.\"Westbridge now controls three utility-scale solar PV development projects totalling 735 MW, including two Alberta solar PV projects and the recently announced 221 MW de...